North facing purpose Built block of 10 x 2 bedroom flats with off street parking close to town and very easy walking distance to S.I.T (Southern Institute of Technology).
Several of flats have been extensively renovated and are under let at $135pw.
Potential with a new owner currently only $135pw x ay 50 weeks = $67,500pa.

July 2011 Cap 510,000 L.V 32,000 Improvements $478,000
Land area 809m2, building area 600m2.

Alot of flats for the money potential growth with a new hand on owner. Auckland owner says sell.

For inspection and further details contact David McKillop 027 434 0709